Industry News

Action Sports sales up 16%.

ANOKA, Minn. (BRAIN) — Vista Outdoor Inc., the parent of Bell, Giro, Blackburn, CamelBak and other brands, announced that its sales were up 29% in its second fiscal quarter, to $575 million. Gross profit in the quarter was up 79% from the same period last year, to  $162 million.

Tagged Earnings/Financial Reports

GRAND JUNCTION, Colo. (BRAIN) — From serving as home of cycling companies to being amid some of the country’s best road routes and mountain bike trails, Grand Junction is considered by many as a cycling mecca.

MONTRÉAL (BRAIN) — Cerberus Capital Management is backing a group of family shareholders to take Dorel Industries private. Dorel is the owner of Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse.

BOULDER, Colo. (BRAIN) — Pocket Outdoor Media has acquired FinisherPix, a global provider of endurance sports photography. Since its founding in 2010 by Robbie Little and Thomas Reichhold, FinisherPix has photographed over 4.5 million runners, triathletes, and cyclists across 3,000 events in 50+ countries.

Tagged Mergers & Acquisitions / Media/Publishing / BRAIN News
Trek's packaging BEFORE the change.

WATERLOO, Wis. (BRAIN) — Trek changed its bike packaging to incorporate lower-impact and recyclable materials earlier this year. On Friday the company released details of its new bike box and internal packaging and made a commitment to move to 100% recyclable and plastic-free packaging. 

Part 15 of BRAIN's Crystal Ball series.
Chris Guillemet, co-founder, Velofix

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 15 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball
Madison city workers make use of an e-cargo bike in the pilot.

MADISON, Wis. (BRAIN) — Saris is now working with Urban Arrow, the Dutch e-cargo bike brand, and the e-bike motor supplier Bosch to build and distribute commercial e-cargo bikes to the public sector in North America. Gazelle Bikes remains Urban Arrow's North American distributor of consumer e-cargo bikes.

Tagged Electric bike

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products said its rebranding, revealed Thursday on its website and other communications, is more than just a new logo.

Tagged Distributor news

EMPORIA, Kan. (BRAIN) — The biggest event in gravel racing has a new name.

Race organizer Life Time announced Thursday that the Dirty Kanza will be renamed Unbound Gravel, with Garmin remaining the title sponsor. 

Tagged Racing & Sponsorship

PARK CITY, Utah (BRAIN) — The Big Gear Show, a bike and outdoor trade show scheduled to debut this year, will take place Aug. 3-5, 2021, and be endorsed by the National Bicycle Dealers Association.

Tagged Coronavirus / Tradeshows and conferences
Whoop is the official wearable of the EF Pro Cycling team.

BOSTON (BRAIN) — Whoop, which sells a wrist-based heart rate monitor and services through a monthly subscription, has closed a $100 million Series E financing round. The new funding, led by IVP, values Whoop at $1.2 billion.

Nicola Rosin.

POZZOLEONE, Italy (BRAIN) — Nicola Rosin is leaving Selle Royal S.p.A., where he has been general manager and a board member, after 19 years with the company, Selle Royal Group announced Wednesday.

Founder Linn Kastan is re-producing a 1980’s freestyle frame; Kastan's contributions to the sport recognized on new website.

KENT, Wash. (BRAIN) — Linn Kastan, the founder of the Redline BMX brand in the 1970s, is collaborating with the brand once again to produce a limited edition replica bike and launch a microsite devoted to Redline's history and Kastan's contributions.

OLATHE, Kan. (BRAIN) — Led by growth in fitness, outdoor, and marine, Garmin Ltd. revenue increased 19% year-over-year for the third quarter.

Tagged Earnings/Financial Reports
Operating income in the division was up 5%
Shimano celebrates its 100th anniversary next year.

OSAKA, Japan (BRAIN) — Shimano Inc. sales in its bicycle segment were down in the first nine months of 2020, but the company has revised up its full-year earnings and revenue projections due to greater use of bicycles globally during the COVID-19 pandemic. 

Tagged Coronavirus / Earnings/Financial Reports
Updated: the bikes will be sold D2C and through Harley-Davidson dealers. Pricing TBA.

MILWAUKEE (BRAIN) — Harley-Davidson, which has been eyeing the e-bike market for several years, announced Tuesday that it will create a dedicated e-bike division launching in March 2021.

The Serial 1 Cycle Company is named for the nickname of Harley's first motorcycle model, "Serial Number 1."

Tagged Electric bike / Earnings/Financial Reports
Part 14 of BRAIN's Crystal Ball series.
7mesh's Tyler Jordan.

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball
Part 13 of BRAIN's Crystal Ball series
Nicole and Boyd Johnson.

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball
Part 12 of BRAIN's Crystal Ball series.
Matt Nims

Editor's note: For a feature in Bicycle Retailer & Industry News, Retail Editor Ray Keener spoke with 14 leaders on the supplier side of the industry. Ray spoke with leaders of major bike brands, component suppliers, e-bike startups, accessory makers and more.

Tagged Crystal Ball

STOCKHOLM (BRAIN) — Thule Group's third-quarter net sales rebounded with a 44.9% increase year-over-year following two previous quarters of decline.

Tagged Earnings/Financial Reports

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